Volume Monitor
Live crypto data · 8 exchanges

W CVD: spot vs perp net buying

W cumulative volume delta (CVD): taker buys minus taker sells, in US dollars. The table shows W's net taker flow over the last 1, 4 and 24 hours on each exchange, spot and perpetual futures apart, and the chart shows spot and perp CVD over time.

Over the last 4 hours, W spot was net sold (-$104K) and perps were roughly balanced (+$304K): only spot shows a clear imbalance, to the sell side. Over 1h the read is perps buying and 24h the read is balanced. The largest 24h net flow came from Binance spot (+$197K). W ranks #34 of 100 on the CVD screener by 24h volume ($46.3M across spot and perps).

#34 of 100 by 24h volumeTaker split from Binance, Bybit, HyperliquidWindows: 1h, 4h, 24hAs of 21:03 UTC

Verdict 1h
Perps buying
Over the last 1 hour, W spot was roughly balanced (+$8K) and perps were net bought (+$170K): only perps show a clear imbalance, to the buy side.
Verdict 4h
Spot selling
Over the last 4 hours, W spot was net sold (-$104K) and perps were roughly balanced (+$304K): only spot shows a clear imbalance, to the sell side.
Verdict 24h
Balanced
Over the last 24 hours, W spot was roughly balanced (+$125K) and perps were roughly balanced (+$351K): neither side shows a clear imbalance.

W net taker flow by exchange · spot vs perp

taker buys minus taker sells, USD
Exchange Market Net 1h Net 4h Net 24h Buy % 24h Vol 24h
Binance Spot +$10K -$41K +$197K 51.7% $5.74M
Bybit Spot -$2,534 -$63K -$73K 45.6% $825K
Binance Perp +$183K +$300K +$156K 50.3% $29.75M
Bybit Perp +$25K +$68K +$81K 50.6% $7.31M
Hyperliquid Perp -$38K -$64K +$113K 52.1% $2.67M
All exchanges Spot +$7,645 -$104K +$125K 51.0% $6.56M
All exchanges Perp +$170K +$304K +$351K 50.4% $39.73M

W CVD and taker flow

Spot vs perp, from range start · bars: net taker buys

Chart: TradingView Lightweight Charts™

How to read it. Net taker flow is taker buys minus taker sells in US dollars: the change in W's CVD over the window. A side counts as buying or selling when its net flow is at least 2% of its volume and $10K; Spot buying, perps selling and Perps buying, spot selling are the divergences. Price, funding and open interest are on the W page. Refreshed every minute. Not financial advice.

Taker split from Binance, Bybit, Hyperliquid (1-minute bars recorded from their public feeds). Stablecoins and HIP-3 stock perps are left out.

Bybit caveat. Bybit's taker split is rebuilt from its public trade stream. A Bybit minute without a split (the first minute after a reconnect, or one the stream missed) counts as neutral in the 5-minute and hourly rollups these figures and the chart's longer ranges use; minutes recorded before that fix count as selling, so Bybit's older CVD can lean slightly negative.

W CVD FAQ

What does {} CVD show?

Cumulative volume delta adds up taker buys minus taker sells. The figures here are the change in W CVD over the last 1, 4 and 24 hours (the net taker flow) on each exchange, split into spot and perpetual futures. The chart shows spot and perp CVD from the start of the chosen range, with net taker flow as bars below.

How is the verdict decided?

Each side (spot or perps) counts as buying or selling when its net flow over the window is at least 2% of the volume that carries a taker split and at least $10K; smaller imbalances count as balanced. The verdict is the 4-hour read, the same rule as the CVD screener. It describes what takers did, not what price will do next. Not financial advice.